GC=F vs. FXA
Compare and contrast key facts about Gold (GC=F) and Invesco CurrencyShares Australian Dollar Trust (FXA).
FXA is a passively managed fund by Invesco that tracks the performance of the USD/AUD Exchange Rate. It was launched on Jun 21, 2006.
Scroll down to visually compare performance, riskiness, drawdowns, and other indicators and decide which better suits your portfolio: GC=F or FXA.
Key characteristics
| GC=F | FXA | |
|---|---|---|
| YTD Return | 29.31% | -2.16% |
| 1Y Return | 35.59% | 3.84% |
| 3Y Return (Ann) | 12.16% | -3.16% |
| 5Y Return (Ann) | 11.32% | -0.53% |
| 10Y Return (Ann) | 7.57% | -2.06% |
| Sharpe Ratio | 2.32 | 0.34 |
| Sortino Ratio | 2.98 | 0.56 |
| Omega Ratio | 1.42 | 1.06 |
| Calmar Ratio | 5.80 | 0.09 |
| Martin Ratio | 13.39 | 0.99 |
| Ulcer Index | 2.40% | 2.97% |
| Daily Std Dev | 13.96% | 8.56% |
| Max Drawdown | -44.36% | -40.97% |
| Current Drawdown | -4.36% | -31.53% |
Correlation
The correlation between GC=F and FXA is 0.11, which is considered to be low. This implies their price changes are not closely related. A low correlation is generally favorable for portfolio diversification, as it helps to reduce overall risk by spreading it across multiple assets with different performance patterns.
Performance
GC=F vs. FXA - Performance Comparison
In the year-to-date period, GC=F achieves a 29.31% return, which is significantly higher than FXA's -2.16% return. Over the past 10 years, GC=F has outperformed FXA with an annualized return of 7.57%, while FXA has yielded a comparatively lower -2.06% annualized return. The chart below displays the growth of a $10,000 investment in both assets, with all prices adjusted for splits and dividends.
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Risk-Adjusted Performance
GC=F vs. FXA - Risk-Adjusted Performance Comparison
This table presents a comparison of risk-adjusted performance metrics for Gold (GC=F) and Invesco CurrencyShares Australian Dollar Trust (FXA). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Drawdowns
GC=F vs. FXA - Drawdown Comparison
The maximum GC=F drawdown since its inception was -44.36%, which is greater than FXA's maximum drawdown of -40.97%. Use the drawdown chart below to compare losses from any high point for GC=F and FXA. For additional features, visit the drawdowns tool.
Volatility
GC=F vs. FXA - Volatility Comparison
Gold (GC=F) has a higher volatility of 4.35% compared to Invesco CurrencyShares Australian Dollar Trust (FXA) at 2.14%. This indicates that GC=F's price experiences larger fluctuations and is considered to be riskier than FXA based on this measure. The chart below showcases a comparison of their rolling one-month volatility.